- Total deposits for Commerce Bancshares were $25.84 billion, exceeding the estimate of $25.12 billion.
- Total loans stood at $17.38 billion, slightly above the expected $17.27 billion.
- Average loans were reported at $17.24 billion, marginally below the estimate of $17.25 billion.
- Earnings per share (EPS) hit 98 cents, beating the anticipated 93 cents.
- Total revenue reached $428.1 million, surpassing the estimate of $418.7 million.
- Provision for credit losses was $14.5 million, higher than the expected $13.1 million.
- The net yield on interest-earning assets was 3.56%, slightly better than the forecast of 3.49%.
- Commerce Bancshares achieved an efficiency ratio of 55.6%.
- Net charge-offs totaled $10.8 million, coming in below the estimate of $12 million.
- The effective tax rate was 21.9%.
- Non-interest income amounted to $159 million, contributing 37.1% of total revenue, with trust fees from the wealth management business leading at $57 million.
- Mr. Kemper mentioned increased uncertainty regarding the future due to recent tariffs and trade restrictions, along with adjustments in capital markets.
- Analyst recommendations included 0 buys, 7 holds, and 1 sell.
“`
A look at Commerce Bancshares Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma Smart Scores, Commerce Bancshares has an overall positive long-term outlook. With solid scores in Value, Dividend, and Growth, the company appears to be well-positioned for steady performance and potential returns. Additionally, scoring high in Resilience and Momentum suggests that Commerce Bancshares has the ability to weather economic fluctuations and maintain positive market momentum over time. These scores indicate a promising future for the bank holding company.
Commerce Bancshares, Inc. provides a wide range of banking services across multiple states. With offerings in capital markets, trust services, investment management, and securities brokerage, the company has a diversified portfolio. Its involvement in mortgage banking, credit-related insurance, venture capital, and real estate activities further enhances its market presence and potential for growth. The balanced Smart Scores across key factors demonstrate Commerce Bancshares‘ stability and growth prospects in the long run.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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